M+ Online Market Wrap – 28 Oct 15: KLCI -10.44 pts (-0.62%) @ 1,686.51 pts. Following the drop in crude oil prices, the FBM KLCI extended its third consecutive session of losses – owing to the losses in O&G and financial heavyweights. Despite the mostly negative broader market, the lowers liners however bucked the overall market trend, while the Technology and Properties sub-indices also added 0.4% and 0.2%, respectively. On the FBM KLCI, there are 4 advancers, 22 decliners and 4 traded unchanged. WTI Crude oil price stood at US$43.59.

Volume: 2.15 bln (3-month avg vol: 2.01 bln) & Value: 2.05 bln; up 449, down 383
FCPO +RM21@RM2,343
Dow Futures +22

Active stocks:
XOX +4.5sen@RM0.265, CONNECT -3.0sen@RM0.23, PESONA -6.0sen@RM0.48, ESCERAM -6.5sen@RM0.485

Potential stocks:

EATECH +11.0sen@RM1.35, price broke above the RM1.28 level with high volumes. The MACD Line has given a “Buy” signal, while the RSI hovers above the 50 level.

MIECO +7.0sen@RM1.11, price continued to close above the EMA 9 level with high volumes. The MACD Histogram has turned green, but the RSI has just crossed above the 70 level.

GESHEN +9.0sen@RM1.16, price is well supported above the EMA 9 level with improvement in volumes. The MACD Histogram has turned green.

Source: Bloomberg, M+ Online

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